Moonlighting Medical Residents: Side Gigs to Make More Money

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As a resident physician, there’s one thing you can count on:

You’re going to earn a relatively small salary despite the long hours and hard work you’ll be putting in.

Residents earn a fraction of what licensed physicians make. And if you’re already burdened by student loan debt, these crucial years of residency training can be some of the most difficult ones to endure.

For many residents, the only way to get ahead on student loans and start saving for the future is to search for moonlighting opportunities.

As a physician, working a side gig, even if for only a few hours per week, can have a serious impact on your finances and your future.

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Locum Tenens Coverage: Disability, Health, Malpractice and More

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Working in medicine is unique in that the title of “physician” means many different things.

Some physicians work around-the-clock shifts in hospital emergency departments. Other physicians operate private practices and focus on primary care or preventative medicine. Some deliver babies, some treat cancer patients, and some perform invasive neuro or cardiac surgeries.

Yet, no matter what type of specialty you’re in, all physicians share one thing in common:

The ability to perform their work anywhere in the world.

Tech experts might be most in-demand in Silicon Valley. Professional actors are more sought after in LA than in Idaho. On the other side of the coin, physicians can work in any and every major city, small town, and rural part of the world.

The vast majority of physicians work full-time jobs in or near the city in which they live. But a growing number of U.S. physicians, approximately 40,000, choose to work locum tenens positions.

Working as a locum tenens physician has many benefits, but before you give up your job search or quit your full-time gig, there’s something you should consider:

What types of insurance will you need?

If you’re considering working locum tenens, here are the top five types of locum tenens insurance coverage you will need.

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Your Full Guide to On-call Pay for Physicians

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It’s common for doctors to work long hours, but the end of a shift doesn’t necessarily mean the end of the workday. Many physicians have to be on-call at times. That means being available to work even if you have the day or night off.

While being on-call certainly has its drawbacks, it comes with one benefit as well: additional pay.

Here’s a full breakdown of everything you need to know about on-call pay for physicians.

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Physician Letter of Intent: Should You Sign It?

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Letters of intent are a normal part of the contract negotiation process and are the first step toward accepting a job offer. But you must be careful not to “tie your negotiation hands” when signing an offer letter.

While the terms of employment may seem very straightforward, signing this before you fully understand the ramifications is not wise.

There are some key elements of a letter of intent that you should review.

Preferably with the help of a physician contract negotiation lawyer to ensure you don’t back yourself into a corner before the negotiation even begins.

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Dr. Khadija Chaudrey

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When Dr. Khadija Chaudrey moved to Brooklyn from Lahore, Pakistan, she had already completed medical school, landed a residency, and secured a visa to move halfway around the world. However, as a young immigrant physician, there were challenges ahead that her medical training had not prepared her for. “When I first started my residency, I … Read more

How to Get a Medical License in Utah

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In the last decade, you’ve converted your passion for helping others into one of the most respectable career paths in the world.

So far, you’ve:

  • Completed a pre-med undergraduate program
  • Survived four grueling years of medical school
  • Proven your skills in a two-year progressive residency program
  • Put your USMLE or COMLEX exams in the rearview

Now, there’s only one barrier between you and a Utah medical license:

The application.

Plus a few fees, deadlines, and documents to tie up a couple of loose ends.

A physician’s license in Utah comes with a hefty price tag — $670 on the “low end.”

However, if you follow this guide and take note of our insider tips, you could have your license to practice medicine in as little as two weeks!

Now, are you ready to start the next chapter in your life and career?

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10 Best States to Practice Medicine

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Choosing to pursue a career in medicine was the easy part.

Deciding where you want to transplant your practice — and possibly your entire family — is a much heavier decision.

And to make matters even more complicated:

For physicians, no two states are the same.

Some states shine bright with an average physician salary of over $300,000.

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Another holds the #1 slot for the best quality of life.

And a few post a concerning 51% physician burnout rate.

So, where are the best states to practice medicine? And what makes them worth picking up your entire life and crossing state borders?

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Physician Compensation Report 2020 (old)

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Physician compensation report 2021
Regardless of your specialty or what city you work in, most physicians are curious about how their salary stacks up against the competition. Moreover, whether you’re thinking about practicing in a new state or wondering if your signing bonus is what it should be. Know the facts to protect yourself and your earnings.

Let’s answer some questions:

  • Which physicians make the most money?
  • Moving a few states away to increase your salary?
  • How your specialty compares against the salaries of physicians in other areas of medicine?

We wanted to know:

  • How much physicians are really making
  • Which specialties are in the greatest demand
  • Which regions of the country are hiring the most
  • Where physicians are being offered the biggest bonuses

Spending hours pouring through hundreds of pages in pricey compensation reports is usually the only way to find this information — but we did the legwork for you.

Therefore, we have created our second annual physician compensation report to help.

In this report, we detail:

  • How physicians in different medical specialties and regions of the United States are being paid for their work
  • The gender wage gap
  • How much physicians are earning in bonuses and incentives
  • Which specialties are in the greatest demand

In addition, we’ve compiled data from nearly a dozen different sources to offer you:

The Free Physicians Thrive 2021 Physicians’ Compensation Report

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